Substack CEO Chris Best apologized for laying off 13 employees on June 29 after previously stating the company would “not do layoffs,” calling it the “saddest day we’ve had” at the company.
Best took to Twitter to issue a lengthy apology to workers, citing “market conditions” as the reason behind the layoffs, which he said are one of the “toughest of several changes” the company has made in recent weeks to put it in a “strong financial position.”
